$970,000
SOLD MAR 12, 2025
4 Beds
3 Baths
1,397 Sq Ft
3,231 Sq Ft Lot

Recently Sold

$694 Per Sq Ft

1% Below List Price

21 Days on Market

Highlights

  • Newly Remodeled
  • No HOA
  • Laundry Room
  • Modern Architecture
  • Cooling Available
  • Family Room

About This Home

As of March 2025

Gorgeous Remodeled 3-Unit Property in Desirable North Long Beach This beautifully renovated multi-unit property offers a fantastic investment opportunity in a sought-after area of North Long Beach. It consists of 2 attached 1-bedroom, 1-bathroom units and 2 Bed/ 1Bath, a newly constructed, standalone 3rd unit (built in 2024), providing spacious living arrangements for tenants or owner-occupants. Key Features: Completely Remodeled: All units have been fully renovated inside and out with modern finishes. Upgrades Include: New flooring throughout Brand-new roof Fresh interior and exterior paint Fully updated kitchens with new countertops and appliances Renovated bathrooms with contemporary fixtures Standalone 3rd Unit (Built in 2024): A spacious 1-bedroom, 1-bathroom unit with modern amenities. Individual Utilities: Each unit has its own electric meter and remote-controlled heating/cooling wall units, providing tenants with comfort and privacy. All units are Vacant , allowing you the flexibility to determine lease terms and conditions. Ideal for Owner-Occupant or Investor: Live in one unit and rent out the others for additional income. each unit has its own parking. Prime Location: Convenient Access to Amenities: Close to shopping centers, restaurants, and more. Proximity to Downtown Long Beach & the Beach: Just a short drive away from Long Beach's vibrant downtown area and the beach. Easy Airport Access: Long Beach Airport is only 13 minutes away, making travel a breeze. Buyer’s Responsibility: Buyer and their agents are advised to verify all property details and information independently.

Last Agent to Sell the Property

BADAR MANSOOR

SMART SELL REAL ESTATE Brokerage Phone: 909-560-3262 License #01259428 Listed on: 01/06/2025

Last Buyer's Agent

Eric Pinaya

24 Hour Real Estate License #01397355

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,195

Year Built

  • Built in 1954 | Newly Remodeled

Lot Details

  • 3,231 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Home Design

  • Triplex
  • Modern Architecture
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,397 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Laminate Flooring
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • Driveway Level
  • Unpaved Parking
  • On-Street Parking
  • On-Site Parking
  • Parking Lot
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1629
  • Tax Tract Number 5134
  • Assessor Parcel Number 7130011016
  • $384 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • North Long Beach Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $6,500
  • Maintenance Expense $1,900
  • Water Sewer Expense $3,600
  • Operating Expense $12,000
  • Gross Income $76,800
  • Net Operating Income $57,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,195

Year Built

Built in 1954 | Newly Remodeled

Lot Details

0

Listing Details

  • CapRate: 5.80
  • Price Per Unit: 326333
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 3600.00
  • Zoning: LBR1N
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7130011016
  • Year Built: 1954
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 694.35
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Parking Features: Assigned, Driveway, Unpaved, Driveway Level, On Site, Parking Space, Street

Utilities

  • Utilities: Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3231.00
  • Lot Size Acres: 0.0742

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 420 Square Feet
  • Average2 Bed Area: 520 Square Feet
  • Gross Income: 76800.00
  • Gross Operating Income: 69120.00
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 6500.00
  • Lot Size Area: 3231.0000 Square Feet
  • Maintenance Expense: 1900.00
  • Net Operating Income: 57120.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Expenses: 12000.00
  • Vacancy Allowance: 7680

Tax Info

  • Tax Census Tract: 5717.04
  • Tax Lot: 1629
  • Tax Tract Number: 5134
  • TaxOtherAnnualAssessmentAmount: 384.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2025
Closed on
Feb 7, 2025
Sold by
Aaa American 2
Bought by
Garcia Michael and Garcia Elisabeth
Seller's Agent
BADAR MANSOOR
SMART SELL REAL ESTATE
Buyer's Agent
Eric Pinaya
24 Hour Real Estate
List Price
$979,000
Sold Price
$970,000
Premium/Discount to List
-$9,000
-0.92%
Total Days on Market
21
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.06%
Original Mortgage
$582,000
Outstanding Balance
$581,518
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$379,676

Purchase Details

Closed on
Feb 21, 2024
Sold by
Journey Investments Inc
Bought by
Aaa American 2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2024
Sold by
Ken Allen Lamphear and Ken Vivian Shaw
Bought by
Journey Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2011
Sold by
Frankenfield Virginia S and The Frankenfield Living Trust
Bought by
Lamphear Ken Allen and Lamphear Vivian Shaw
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $970,000 Usa National Title
Grant Deed $490,000 Old Republic Title Company
Grant Deed $717,000 Old Republic Title
Grant Deed $530,000 Pacific Coast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $582,000 New Conventional
Previous Owner $455,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2025 03/12/25 Sold $970,000 -0.9% $694 / Sq Ft
01/27/2025 01/27/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $979,000 -- $701 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,195 $135,443 $110,821 $24,622
2023 $2,036 $132,789 $108,649 $24,140
2022 $1,920 $130,186 $106,519 $23,667
2021 $1,874 $127,634 $104,431 $23,203
2019 $1,848 $123,851 $101,335 $22,516
2018 $1,757 $121,424 $99,349 $22,075
2016 $1,620 $116,711 $95,492 $21,219
2015 $1,560 $114,959 $94,058 $20,901
2014 $1,560 $112,708 $92,216 $20,492
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV25002839

California Regional Multiple Listing Service (CRMLS)

APN: 7130-011-016